Allied Investment Advisors LLC Purchases 736 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Allied Investment Advisors LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,845 shares of the company’s stock after purchasing an additional 736 shares during the period. Allied Investment Advisors LLC’s holdings in PepsiCo were worth $9,326,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PEP. Flossbach Von Storch AG raised its holdings in PepsiCo by 67.2% in the 1st quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock valued at $798,047,000 after acquiring an additional 1,832,385 shares during the period. PineStone Asset Management Inc. increased its stake in shares of PepsiCo by 125.2% during the second quarter. PineStone Asset Management Inc. now owns 2,740,573 shares of the company’s stock worth $452,003,000 after purchasing an additional 1,523,631 shares during the period. Van ECK Associates Corp lifted its holdings in PepsiCo by 429.3% during the 1st quarter. Van ECK Associates Corp now owns 1,454,793 shares of the company’s stock worth $254,603,000 after purchasing an additional 1,179,922 shares during the last quarter. Confluence Investment Management LLC bought a new position in PepsiCo during the 1st quarter worth $166,243,000. Finally, Legal & General Group Plc boosted its position in shares of PepsiCo by 7.2% in the second quarter. Legal & General Group Plc now owns 13,547,547 shares of the company’s stock valued at $2,234,400,000 after acquiring an additional 905,468 shares during the period. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Bank of America cut their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. JPMorgan Chase & Co. increased their target price on PepsiCo from $182.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday. Jefferies Financial Group dropped their target price on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. TD Cowen reduced their price target on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Finally, StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus target price of $185.29.

PepsiCo Trading Down 0.3 %

Shares of NASDAQ:PEP traded down $0.56 during mid-day trading on Friday, hitting $167.97. The company had a trading volume of 4,391,321 shares, compared to its average volume of 5,492,783. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. The firm has a fifty day moving average price of $173.80 and a 200 day moving average price of $172.10. The company has a market capitalization of $230.92 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The firm had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $22.59 billion. During the same period last year, the company earned $2.09 earnings per share. The business’s revenue was up .8% on a year-over-year basis. As a group, research analysts forecast that PepsiCo, Inc. will post 8.14 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were issued a $1.355 dividend. The ex-dividend date was Friday, September 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.23%. PepsiCo’s dividend payout ratio is currently 78.66%.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.